Carbon / Environment: 2017 Summary

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We will help create a resilient environment that provides for our future by pursuing a long-term goal of decarbonisation and optimising energy efficiency and protecting and, where viable, enhancing the biodiversity of the environment.

2017 Summary

Our Environmental Goals and Commitments

CNCo has in place a number of policies (viz. our Environmental and Sustainable Development Policies) and continues to seek innovative ways to minimise the impact of our business on the environment and biodiversity in the regions in which we operate. Over the years, we have made significant progress towards environmental sustainability by adopting a proactive approach towards sustainable shipping, expanding our fuel-efficient fleet and implementing a number of operational initiatives.

CNCo’s Environmental Policy includes our over-arching commitment to a target of “zero pollution” incidents and our ultimate goal is for our operations to have a “net zero impact” on the environment and its biodiversity. We have set an internal, science-based target, in line with the IMO’s recent commitment to align with the United Nations Framework Convention on Climate Change (UNFCCC) Paris agreement. We are working actively to achieve a KPI of a reduced Energy Efficiency Operational Index (EEOI) or the energy we expend moving one unit of cargo, per one nautical mile by 22% below our baseline by the end of 2020. This is about 3% more aggressive than the IMO target. This is a key goal to advance our journey towards “net zero environmental impact”.

Our progress for the bulk and liner fleets’ EEOI since 1 January 2014 (using 2013 as a baseline) is shown in the graphs on this page. The EEOI figures for liner fleet show a downward trend from May 2017, but with a slight increase towards the last quarter of the year. Bulk EEOI has also been on the way down over the 12 months period. While we are still 13% above our target we have been making progress by deploying more fuel-efficient ships, rationalising individual trades and focusing on operational efficiency. We will continue to monitor emissions for each ship on a per voyage and an annual basis and use the IMO EEOI metric as our baseline.

Other objectives (KPIs) towards achieving net zero environmental impact by 2030 include:

  • Ensuring that our Energy Efficiency Design Index (EEDI) compliance index is at ≤ 80% for all relevant liner and bulk vessels on delivery to CNCo (deriving more transport work efficiency from less fuel). Progress by the end of 2017 was EEDI = 76.18%.
  • Ensuring that our Existing Vessel Design Efficiency (EVDI) to be ≥ 50% better than the baseline upon taking delivery of the vessels.
  • Implementing three pilot technical or operational initiatives that can lead to a 50% reduction in an atmospheric environmental impact of the liner, bulk and bulk logistics fleet.
Over the years, we have made significant progress towards environmental sustainability by adopting a proactive approach towards sustainable shipping, expanding our fuel-efficient fleet and implementing a number of operational initiatives.

Photo credit at top: Genevieve Deschenes